Argentina: Olive exports in San Juan grew by 26%

Published Sep 5, 2024

Tridge summary

The article highlights the significant growth of the olive sector in San Juan, Argentina, with exports reaching US$ 17.2 million and 4.59 million kilograms in the first half of 2024, a 26% increase in value and 27% increase in volume compared to the same period in 2023. The growth is attributed to favorable international conditions despite challenges like the annual production alternation and water crisis. The report also notes that Argentina ranks 8th globally in olive oil exports, with San Juan being the leading producer and exporter of extra virgin olive oil in the country. Additionally, the article discusses the global landscape of olive oil production and consumption, indicating a decrease of 6% in production for the 2023/2024 campaign, according to the Commission of Regional Economies of the Senate of the Nation.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The olive sector of San Juan registered exports for US$ 17,210,643 and 4,591,198 kilograms, figures that represent 26% more than the same period in 2023 in FOB values and 27% volume according to the databases available by the Directorate of Foreign Trade of San Juan. The annual alternation of production, added to factors such as the water crisis, explain a lower exportable supply of olive oil, in a favorable international context for our country. The main exported product of this sector was olive oil. Its growth was 11% in FOB value, with more than US$ 13 million generated and a reduction in volume of 15%. Preserved olives, however, showed a restoration of 127% in FOB value, close to US$ 3.9 million and 90% in volume, exceeding 2.7 million kilograms. It is important to highlight this second growth rate by doubling shipments in kilograms. In the first half of 2023, preserved olives represented almost 40% of shipments in volume, while in the first half of this year this percentage, ...

Source: Agromeat